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GENERAL ELECTRIC CREDIT CORPORATION v. DAVIS

No. 6980.

224 F.2d 322 (1955)

GENERAL ELECTRIC CREDIT CORPORATION, Appellant, v. Marion J. DAVIS, Trustee for Gaither L. Lowery and Carl S. Lowery, Individually and T/A Lowery's TV and Appliance Center, Appellee.

United States Court of Appeals Fourth Circuit.

Decided June 13, 1955.

Attorney(s) appearing for the Case

Arthur O. Cooke, Greensboro, N. C. (William Owen Cooke and Cooke & Cooke, Greensboro, N. C., on the brief), for appellant.

W. Scott Buck, Winston-Salem, N. C., for appellee.

Before PARKER, Chief Judge, and SOPER and DOBIE, Circuit Judges.

SOPER, Circuit Judge.

The trustee in bankruptcy for G. L. Lowery and C. S. Lowery, copartners trading as Lowery's TV and Appliance Center, filed a petition with the referee praying for an order directing the sale of certain goods in his possession free and clear of liens claimed by the General Electric Credit Corporation by virtue of certain trust receipts covering the goods which it held. The trustee asserted that the liens were invalid because they constituted voidable...

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